$FET T/USDT SHORT TRADE SIGNAL
BEARISH CONTINUATION BELOW KEY MOVING AVERAGES
The $FET T/USDT 1-hour chart displays a persistent downtrend, with the price action consistently trading below all three major moving averages (MA(7) at $0.3312, MA(25) at $0.3513, and MA(99) at $0.3794). The current candle is a small, red body sitting just above the 24h low of $0.3214, indicating strong selling pressure and weak buyer defense. The pattern of lower highs and lower lows confirms a bearish continuation.
Trade Setup (Short):
* Short Entry: $0.3280 (Entry on break and close below the current minor support)
* TP1 (Target 1): $0.3215 (Just above the 24h low)
* TP2 (Target 2): $0.3150 (Projected level based on measured move)
* SL (Stop Loss): $0.3350 (Above the MA(7) to protect against a quick reversal)
Short Outlook of Market:
The market outlook for FET/USDT remains bearish in the short term, with moving averages acting as strong overhead resistance. The recent drop from $0.3880 shows the selling momentum is firmly in control. Failure to sustain a bounce above the MA(7) suggests further downside pressure is likely to challenge and break the $0.3214 support.
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